Paul Allen

Paul Gardner Allen (born January 21, 1953) is an entrepreneur who established himself by co-founding Microsoft Corporation with Bill Gates. He regularly appears on lists of the richest people in the world; as of 2005 he is ranked by Forbes magazine as the seventh richest, worth an estimated $21 billion, of which $5 billion is in Microsoft stock. His investment vehicle, Vulcan Ventures, also holds large stakes in Charter Communications and Dreamworks SKG. He was recently invited to join the Academy of Motion Picture Arts and Sciences (AMPAS).

Philanthropy

Much of Paul Allen's philanthropy has been dedicated to the advancement of science and technology. The Paul G. Allen Family Foundation was established in 1986 to administer much of the giving. Allen's most famous philanthropic projects are the Experience Music Project, the Allen Brain Atlas, SETI, and SpaceShipOne. Paul Allen's total philanthropy as of 2005 is estimated to be over US$800 million dollars.

Related Topics:
1986 - Experience Music Project - Allen Brain Atlas - SETI - SpaceShipOne - 2005

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The University of Washington has been a major recipient of Paul Allen's giving. In the late 1980's, Allen donated US$18 million to build a new library named after his father, Kenneth S. Allen. In 2003 US$5 million was donated to establish the Faye G. Allen (his mother) Center for Visual Arts. Paul Allen also was the top private contributor (US$14 million) and namesake of the G. Allen Center for Computer Science & Engineering (completed in 2004). Throughout the years, Allen has contributed millions of US dollars to the University of Washington Medical School most recently, US$3.2 million for prostatitis research. Allen is also the primary developer and investor of a proposed medical research campus in the south Union Bay neighborhood adjacent to the University of Washington with investments estimated at US$400 million as of 2005.

Related Topics:
University of Washington - 2003 - 2004 - University of Washington Medical School - Prostatitis - Union Bay - 2005

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